Tidbits on July 7, 2005
Bob Jensen
at Trinity University 

Fraud Updates --- http://www.trinity.edu/rjensen/FraudUpdates.htm
For earlier editions of New Bookmarks go to http://www.trinity.edu/rjensen/bookurl.htm 
Archives of Tidbits: Tidbits Directory --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm

Click here to search Bob Jensen's web site if you have key words to enter --- Search Site.
For example if you want to know what Jensen documents have the term "Enron" enter the phrase Jensen AND Enron. Another search engine that covers Trinity and other universities is at http://www.searchedu.com/.

Bob Jensen's home page is at http://www.trinity.edu/rjensen/

Security threats and hoaxes --- http://www.trinity.edu/its/virus/

Music: Pianist Joyce Yang Plays Bach, Liszt --- http://www.npr.org/templates/story/story.php?storyId=4707604 

Train of Life (Willie Nelson and Patsy Cline) ---  

To love one's work is the nearest real approximation to happiness on earth.
Rita Levi Montalcini

To weep is to make less the depth of grief.
William Shakespeare

The cult of perfection always leads to preferring myth to authenticity.
Paul Ariès

Not good for the image of the accounting profession:  "Taxes are for Douche Bags"
July 6, 2005 message from Mike Gasior [Mike_Gasior@mail.vresp.com]

Also, I told you last month about a hysterical video that was done on The Daily Show with Jon Stewart by correspondent, Ed Helms about the Cayman Islands titled "Gimmie Shelter". Unfortunately Comedy Central had taken the clip off of their website, but a terrific reader sent me a link where you can view the video. Simply cut and paste this address into your browser and the video will play for you. Enjoy.



Bob Jensen's threads on accounting humor are at http://www.trinity.edu/rjensen/FraudEnron.htm#Humor

From the T.H.E. Newsletter on July 6, 2005

Dell, Microsoft Launch Search for America's Education Visionaries
Dell and Microsoft® Corp. have partnered to launch a search to find the top K-12 education visionaries in the United States. Selected by a panel of distinguished judges, the winners each will receive $250,000 in technology and services for their schools to help them achieve their educational vision.

The companies are calling for educators to submit essays detailing how technology could transform education and help their students prepare for the future. Winners will be announced at Dell's Global Education Day in early 2006, where they will be given the opportunity to share their vision of education and technology to education stakeholders from around the world.

For the full story, visit http://www1.us.dell.com/content/topics/global.aspx/corp/pressoffice/en/2004/2005_06_28_rr_000?c=us&l=en&s=corp

I shortened the above URL to http://snipurl.com/EducationVisionaires

Pay to get Your FICO Scores, but don't trust offers from vendors promising help to get you a free credit report or FICO score
Your FICO credit score is crucial to your credit to your good name.  It can be altered without your knowing it due to fraud and errors.  Getting a free credit report may not give you a FICO scores as well. 
The main advantage of the from http://www.myfico.com/ is that it will give you your FICO score from each of the three major credit reporting agencies.  Consumer Reports (August, Page 18) notes that credit scores nearly always differ between the three major credit reporting agencies.  You may miss something if you only get one agency’s score.

To monitor your FICO score, Consumer Reports (August 2005, Page 17) recommends that you get the $44.85 package from http://www.myfico.com/

Bob Jensen's threads on FICO scores are at http://www.trinity.edu/rjensen/FraudReporting.htm
In particular go to file:///W:/users/rjensen/FraudReporting.htm#FICO

FTC helpers in getting your credit report and FICO score --- http://www.ftc.gov/bcp/conline/edcams/credit/index.html 

A good FTC site is at http://www.ftc.gov/opa/2005/02/top102005.htm 

FTC helpers if suspect someone else has become you --- http://www.ftc.gov/bcp/conline/pubs/credit/idtsummary.pdf 

FTC helpers in getting your credit report and FICO score --- http://www.ftc.gov/bcp/conline/edcams/credit/index.html 

IBook and PowerBook G4 Fire Risk
The Consumer Product Safety Commission announced Friday that Apple Computer is recalling a rechargeable battery used in its iBook G4 and PowerBook G4 computers, due a risk of overheating and fires. The commission's statement said Apple is recalling about 128,000 of the batteries sold in the United States. It said the computer maker has received six reports worldwide of batteries overheating due to an internal short, including two U.S. reports. The batteries are made by LG Chem Ltd., of South Korea. The batteries are used in the 12-inch iBook G4, the 12-inch PowerBook G4 and the 15-inch PowerBook G4. The recalled batteries include those with model numbers A1061, A1078 and A1079 and serial numbers that begin with HQ441 through HQ507 or 3X446 through 3X510. The model and serial numbers labeled on the bottom of the battery, which can be read when the battery is removed from computers.
"Apple recalls laptop batteries:  Computer maker recalls rechargeables in iBook G4 and PowerBook G4 due to overheating, fire risk," CNN Money, May 20, 2005 --- http://money.cnn.com/2005/05/20/technology/personaltech/apple_recall/ 

A new accounting ethics blog --- http://www.accountingethics.blogspot.com/
July 5, 2005 message from Art Berkowitz --- ArtBCPA@aol.com

I thought you might be interested in my recent postings on accounting ethics at my new blog site:

1. Can We Really Have Independent Auditors?

2. The Innocence of Arthur Andersen? Nothing Could be Further from the Truth.

Hot Tips from Consumer Reports

Haagen-Dazs low-fat ice cream is a good as the fat-filled kind according to Consumer Reports, August 2005, Page 7.

Inexpensive luggage won't stand up to airline abuse according to Consumer Reports, August 2005, Page 8

Cell phone TV is not ready for prime time according to Consumer Reports, August 2005, Page 8.

The OneTouch (from UltraSmart) is the best blood-glucose monitor according to Consumer Reports, August 2005, Page 8.

For that power flush, go for the Eljer Titan 091-0777 toilet, Consumer Reports, August 2005, Page 33.

Sealy Bet Fit is the way to go for cotton bed sheets according to Consumer Reports, August 2005, Page 37.

Don't expect your (possibly new) analog TV to work after the digital-only signal commences (Congress is now considering a date of December 31, 2008).  You may not be able to watch the January 1, 2009 bowl games unless you replace your analog TV before then.  The millions of TV sets that will be trashed in the next three years will become a huge environmental risk.  See Consumer Reports, August 2005, Page 61  .

Thanks but no thanks:  Income taxes may make you turn down the big prize you won
The contest's fine print explains that winners must pay federal and state income taxes, where applicable, on American's "approximate retail value" of the 12 round-trip tickets for two, which the airline valued at $52,800, or $2,200 per ticket. Jack McCall, a New York resident who won American's grand prize in the video category by submitting a video montage of snapshots he and his wife collected during their travels around the world, estimates that federal, state and local taxes on the prize could amount to roughly $19,000, given the couple's probable federal tax bracket and because they live in New York City, where income taxes are high. That's equivalent to about $800 for each of the 24 tickets.
Melanie Trottman and Ron Lieber, "Contest Winner Declines 'Free' Airline Tickets, The Wall Street Journal,  July 6, 2005; Page B1 --- http://online.wsj.com/article/0,,SB112061365613778106,00.html?mod=todays_us_marketplace

What is fraudulent "pretexting?"

"AICPA Warns of Possible Pretexting Calls," AccountingWeb, June 28, 2005 ---

The Federal Trade Commission (FTC) defines “pretexting” as the practice of getting personal information under false pretenses. Pretexters will use a variety of excuses in an attempt to gain personal information. Once they obtain the personal information they are seeking, they may sell it to people who will use it for identity theft or use it themselves to investigate or stalk an individual. Some personal information is a matter of public record, including home- or property-ownership, real estate taxes and whether a person or firm has ever filed for bankruptcy. It is not pretexting to collect this type of information.

It is, however, illegal for anyone to obtain customer information from a financial institution or a customer of a financial institution by:

  • using false, fictitious or fraudulent statements
  • using forged, counterfeit, lost or stolen documents
  • asking a third person to get someone else’s information using false, fictitious or fraudulent statements or forged, counterfeit, lost or stolen documents.

Human resources experts advise that a business must disclose certain information in order to verify employment history. Because laws governing what an employer can and cannot say about employees are often complex, it is recommended all calls requesting personal information be transferred to a representative of the human resources or personnel departments when they cannot be transferred directly to the person that is being inquired about. Firms receiving calls from suspect “AICPA employees” are also asked to contact Jay Rothberg, AICPA Vice President at jrothberg@aicpa.org .

Bob Jensen's threads on computing and networking security are at http://www.trinity.edu/rjensen/ecommerce/000start.htm#SpecialSection


At last there's a serious alternative to Windows other than a Mac operating system
Novell Inc.'s SuSE Linux Professional 9.3 desktop gives not only other leading Linux desktop distributions like Xandros a run for their money, but also enterprise desktops such as Windows XP Pro. Nat Friedman, vice president of Linux desktop engineering at Novell, said, "We are getting ahead of Windows for the first time." After kicking SLP 9.3's tires, I agree. This is one impressive desktop distribution. It has every Linux application that anyone is ever likely to want and it's all tied together with either a slick and up-to-date KDE or GNOME interface.
Steven J. Vaughan-Nichols, "Bleeding-Edge Linux Desktop: SuSE Linux Professional 9.3," eWeek, July 5, 2005 --- http://www.eweek.com/article2/0,1895,1833908,00.asp

Staggering trends in hedge fund investing
(Hedge funds are not investment hedges.  They are risky investment clubs.)
July 6, 2005 message from Mike Gasior [Mike_Gasior@mail.vresp.com]

To be truthful, some of the statistics I have observed in the past few months have been staggering. Let me share a few of them with you:

--On an average day, between 18% and 22% of ALL trading on the New York Stock Exchange is hedge fund related.

--On an average day, between 30% and 35% of ALL trading on the London Stock Exchange is hedge fund related.

--It is estimated that in excess of 75% of quoted, convertible bonds are now held by hedge funds.

What has also been remarkable are the types of investors who I have personally observed putting their money into hedge funds. Sometimes with less than stellar results too. I was just in Bermuda last week and read an article in The Royal Gazette about the Ohio Bureau of Worker's Compensation managing to lose $215 million in a hedge fund that only invested in U.S. Treasury securities. If you cannot help but wonder how one manages to lose $215 million in U.S. Treasuries, you might find it even MORE interesting that the Bureau of Worker's Compensation had only invested a total of $225 million in the fund in the first place, so the loss is actually an unfathomable 95% of their total investment. Welcome to the world of extreme leverage and to the world of hedge funds where performance numbers tend to be eye popping whether the numbers are positive or negative ones.

Also see http://www.nytimes.com/2005/07/03/business/yourmoney/03view.html?

You can read more about hedge funds under the H-Terms at http://www.trinity.edu/rjensen/acct5341/speakers/133glosf.htm#H-Terms

Asia:  Soothing Education's Culture Shock
Mengjia "Victoria" Zhuang, a 29-year-old MBA student from Shanghai, China, will never forget her first day in strategy class at the University of Southern California Marshall School of Business. In the middle of her first case discussion, Zhuang was struggling to keep up. Suddenly, the teacher looked directly at her and posed the question, "What would you do if you were CEO of this company?"
Jeffrey Gangemi, "Soothing Culture Shock:  For international students coming to the U.S., starting B-school can be a real jolt. Here are some tips for getting acclimated, Business Week,  July 1, 2005 --- http://snipurl.com/AsiaJuly1

See your long-distance friends in 3-D
Google Earth, a new, free download from the Mountain View, Calif., firm, takes the Google Maps service into multiple dimensions. Instead of presenting top-down views of maps or satellite photos, this software (based on a program called Keyhole that Google bought last October) wraps those high-resolution satellite photos on a three-dimensional model of our planet's land surface that recreates every molehill and mountain, then lets you eyeball the scenery from any angle you wish.
Rob Pegoraro, "Google Earth: Officially All Over the Map," The Washington Post, July 3, 2005 --- http://www.washingtonpost.com/wp-dyn/content/article/2005/07/02/AR2005070200115.html?referrer=email 

July 7, 2005 message in Information Week Daily

The question we asked was this: "As Microsoft and Google increasingly compete, which company do you think will develop the most innovative software in the next couple of years?" As a self-selecting survey of Web-site visitors, the results aren't scientific, but they're interesting nonetheless. The surprising thing isn't so much that Google scored higher--we might have anticipated that given Google's momentum--but that Microsoft was favored by four of 10 people. Maybe there's hope for Bill Gates' crew, after all.

For evidence of how it's playing out, look no further than Google's decision last week to publicly release the API to Google Maps and other code it developed using the Ajax programming tools. The best Microsoft could do was pledge support for Ajax in the form of a future development tool code-named Atlas.

Google has been getting attention of late for its Google Maps street-mapping application and Google Earth database of satellite images. It's worth remembering, though, that Microsoft was years ahead of Google in both areas, with its MapPoint software and Terra Server database. So software innovation is part perception, part reality, and advantages generally aren't long lasting.

John Foley jpfoley@cmp.com 

Telling Computers How to Keep Secrets
The home version of Windows XP (unlike Apple's two most recent Mac OS X releases) can't lock up your important data, but other developers have come up with tools for this task. You just have to decide which of these three qualities is most important to you: simplicity, price or capabilities.  The easiest data-protection software we tested was Steganos Safe 8 (Win 2000 or newer, $30 at http://www.steganos.com/  ). It creates a "secure drive," an encrypted, password-protected file that houses whatever files you choose to put in it. When the secure drive is unlocked, it works just like a regular drive, but when locked, it turns into a single file filled with encrypted gibberish.
Kevin Savetz, "Telling Computers How to Keep Secrets," The Washington Post, July 3, 2005 --- http://www.washingtonpost.com/wp-dyn/content/article/2005/07/02/AR2005070200116.html?referrer=email

Bob Jensen's threads on computing and networking security are at http://www.trinity.edu/rjensen/ecommerce/000start.htm#SpecialSection

AOL to offer users more services, control
In Wednesday's deal, America Online, a unit of Time Warner Inc., plans to include Plaxo's personal information management tools in free upgrades of AOL's core Web services and its AIM instant messaging system. The goal is to keep 40 to 50 million active AOL and AIM members current on the ever-changing personal details of friends and associates by giving AOL users and their contacts greater control over how their personal data is shared.
Eric Auchard, "AOL to offer users more services, control," The Washington Post, July 6, 2005 --- http://www.washingtonpost.com/wp-dyn/content/article/2005/07/06/AR2005070600437.html?referrer=email

Forwarded by Scott Bonacker on July 5, 2005

F-Secure has examples of both real and bogus "Click here" for crucial updates -- with link body and link content that don't match.

Computer Associates - real
http://supportconnect.ca.com  actually points to
http://maestro.ca.com  ..

http://signin.ebay.com  .. actually points to
http://www.ebay-profileupdate.com  ...

RSA - real
http://2005.rsaconference.com  .. actually points to
http://rsasecurity1.rsc03.net  ...

MS05-039 actually points to
worm generated link

Scott Bonacker, CPA
Springfield, Missouri

July 5, 2005 message from Brigham Young University's Cameron Earl [cameronearl@byu.edu]


Its been a while since we have spoken/ emailed. I hope you are doing well. I noticed on your thread that you do not have our updated information- namely our website. Norm Nemrow and I have developed a new website that explains more about our CDs and the teaching model we use at BYU. You may find interesting. In fact, we would love some feedback if you have the time to look at it. The site is brand new and still has one more round of editing (i.e., correcting typos and such) Norm values your opinion greatly. Just thought I would let you know about it. Feel free to share it with others.

Its www.byuaccounting.com 

Take care

Cameron Earl

Jensen Comment
I added Cameron's update to http://www.trinity.edu/rjensen/HelpersVideos.htm
One important feature of the BYU approach to video learning is the ability to speed up the video when students want to change the pace in learning reviews.

Also note that David Cottrell from BYU participated in Amy Dunbar's education technology workshop prior to the American Accounting Association Annual Meeting in Hawaii --- http://www.business.uconn.edu/users/adunbar/AAA-CPE/AAA2003Cottrell.pdf

Bill C-198 in Ontario and Sarbanes-Oxley in the U.S.:  Are these laws really changing the culture?
As much as senior executives hate to deal with new legislation such as Bill C-198 in Ontario and Sarbanes-Oxley in the U.S. -- or with the compliance issue as a whole -- they also really need to focus on what benefits can come from putting their business under scrutiny, says Lynn Brewer, the high-profile whistle-blower who helped expose Enron five years ago.
"Enron Whistle-blower Says Business Landscape Hasn't Improved," SmartPros, July 1, 2005 --- http://accounting.smartpros.com/x48760.xml

Creative accounting is alive and well
Unlike mercy, the quality of earnings can be strained. As they await companies' second-quarter results, investors may want to remind themselves that there is often a gulf between the profit figures that get trotted out in analysts' reports and the financial news media and the profits recorded under generally accepted accounting principles, or GAAP. During the last recession, companies took big charges for layoffs, plant closings and the like -- all of which cut into their earnings under GAAP. But many companies preferred that investors focus on what earnings might have looked like if the bad things hadn't happened, contending that these "operating" profits figures better represented their underlying business. Wall Street acquiesced. In 2001 and 2002, GAAP earnings for companies in the Standard & Poor's 500-stock index came to less than 60% of operating earnings.
Justin Lahart, "As They Like It," The Wall Street Journal, July 6, 2005; Page C1 --- http://online.wsj.com/article/0,,SB112060828373077969,00.html?mod=todays_us_money_and_investing

German Labor Union Scandal
A bribery scandal at Volkswagen AG is shining a light on corporate Germany's traditional power-sharing arrangement with organized labor. Prosecutors in the German state of Lower Saxony are looking into whether Volkswagen officials paid bribes to some of the company's top labor leaders as a way of securing their cooperation during recent contract negotiations, an official with the prosecutor's office confirmed yesterday. The disclosure, coming less than a week after the unexpected resignation of a top labor leader at VW, has triggered a media storm in Germany, where Chancellor Gerhard Schröder and his ruling Social Democratic Party are in danger of being thrown from office by voters angry about the country's unemployment rate, which stood at 11.6% in May, a near-record in the post-World War II era.
Stephen Power and David Crawford, "VW's Scandal Carries Fallout:  Labor Ills Shed Light On Germany's Rigid Power-Sharing Law," The Wall Street Journal, July 6, 2005, Page A2 --- http://online.wsj.com/article/0,,SB112060335081577794,00.html?mod=todays_us_page_one

Wanted:  More minorities in the CPA profession
For an industry focused on the veracity of numbers, one in particular has prompted a bit of soul-searching: Only 1 percent of CPAs in the United States are black, and the numbers for Hispanics and other minorities are similarly low . . . The Big Four, as well as a few of the major black-owned accounting firms, are helping pay for the event at the Westfields Marriott Hotel and Conference Center in Chantilly. They also are providing speakers and mentors who offer tips on how to network, how to deal with bosses and career pitfalls, and, crucially, how to pass the CPA exam. Similar to the bar exam for lawyers, the CPA test qualifies people to, for example, perform certified audits. "Studying for the exam is crucial," said Allen Boston, Ernst & Young's director of campus and diversity recruiting, imploring his firm's "Staff 1" employees, those who have started their accounting careers but have yet to take the test.
"Accounting Firms Seek to Diversify Image," SmartPros, June 30, 2005 --- http://accounting.smartpros.com/x48752.xml

Jensen Comment
For a more detailed analysis, go to "African American Students and the CPA Exam," by Quinton Booker, Journal of Accountancy, May 2005 --- http://www.aicpa.org/pubs/jofa/may2005/booker.htm

Wanted:  Less dysfunctional Rap
First, the panelists expressed dismay at the way commercially successful rappers like 50 Cent, the Game, Snoop Doggy Dogg, and Nelly depict young black men. In countless song lyrics and videos, young men are either embittered losers despairing on the street corner (or cell block), or extravagant winners disporting themselves in surreal mansions or tropical paradises, amid harems of sexy, available, and highly disposable young women. Some songs and videos are more offensive than others, but all reduce manhood to the pursuit of cash, followed by sex, in a world that requires no responsibility of any kind, least of all that of fatherhood.
Martha Bayles, "Some of Rap's Fathers Start Taking Responsibility," The Wall Street Journal, July 6, 2005; Page D10 --- http://online.wsj.com/article/0,,SB112060019580877742,00.html?mod=todays_us_personal_journal

July 6, 2005 message from Glen Gray [glen.gray@CSUN.EDU]

The world is truly becoming flat.

I found this article in yesterday’s WSJ very interesting…

Need Help With Calculus? Tutors Coach U.S. Students Online -- From India

By CRIS PRYSTAY Staff Reporter of THE WALL STREET JOURNAL July 5, 2005; Page A11

NEW DELHI -- Tanu Basu lives in Boston, but when she wants extra coaching in math, the 16-year-old American gets online and spends an hour reviewing calculus with an Indian teacher who is based in a suburb of this teeming metropolis.

"It's great. I can log in on my free time, whenever I want," says Ms. Basu. "Sometimes my tutor has to explain something four times, and I just feel I'm this dumb person on the other side of the world, and he's all 'No, that's OK.' "

Enter the next phase of outsourcing: online math education. Not only does the U.S. increasingly lag behind other countries on international math scores, it's also short of qualified math teachers. This could make it tough for America to improve its grade and retain the competitive edge that keeps good jobs at home.

Rest of article at http://online.wsj.com/article/0,,SB112052870627477026,00-search.html?

July 7, 2005 reply from Bob Jensen

Part of the fundamental problem lies in the dearth of role models who promote learning even if they themselves failed along the way.  Many of the 19th Century immigrants and freed slaves insisted on their children's education that they themselves were denied.  They would not much care where the tutors came from as long as good tutors and teachers were available.  They viewed their parenting role as one of love mixed with discipline and motivation and responsibility.

Wanted by the Educational Testing Service:  More IT learning among youth
The Information and Communication Technology Assessment, as the test is known, can be scored individually and colleges can receive aggregate scores. The test was first announced last year, but a number of changes have been made based on early administrations of the exam. Terry Egan, project manager for the test for ETS, said that the exam grew out of a sense among educators that there is more than a “digital divide,” but a “proficiency divide” in which students “have access to technology, but don’t know how to use it.”
Scott Jaschik, "More Than IM and MP3," Inside Higher Ed, July 6, 2005 --- http://www.insidehighered.com/news/2005/07/06/ets

U.S. Lawmaker Stupidity
Some researchers dream of capturing the attention of Congress. Sandra Murray and Edward Wasserman wish a certain Texas Congressman had never heard of them.Murray, an associate professor of psychology at the State University of New York at Buffalo, and Wasserman, the Stuit Professor of Experimental Psychology at the University of Iowa, had their studies singled out when the House of Representatives voted last month to approve an appropriations bill for the National Institutes of Health.
Scott Jaschik, "Blacklisted Professors," Inside Higher Ed, July 6, 2005 --- http://www.insidehighered.com/news/2005/07/06/nih

A for effort, C for attendance
According to the students, the less they were taught, the better. But I knew better. And I had been on the receiving end of some of these half-taught students. One of my colleagues at a large community college in California had confessed that he passed any student who would sit through his course. With no work to grade them, he simply gave them all C’s. He was not the only one, I realized.
Shari Wilson, "Rip-Off," Inside Higher Ed, July 6, 2005 --- http://www.insidehighered.com/views/2005/07/06/wilson 

A hang nail can get you disability pay in Holland
If there were a poster child for the need for economic reform in Europe, the Netherlands' disability benefit system would surely be a finalist for the job. Some one million people -- out of a work force of 7.6 million -- collect disability benefits in Holland.  This is not because the Dutch are injury-prone or because the Netherlands is a dangerous place to live and work. It is an open secret in Holland that the standards for disability are loose and often abused. Employers have been known to "retire" people to the disability system to get them off their payrolls. The extensive use of the disability system has also helped keep unemployment statistics relatively low by European standards, although the official figure has topped 7% during the current protracted recession.
"The Disabled Dutch," The Wall Street Journal, July 6, 2005 --- http://online.wsj.com/article/0,,SB112059718274977678,00.html?mod=opinion&ojcontent=otep

Some of your students may be motivational drug addicts
But there is an aspect of prescription drug abuse mentioned only briefly in the report: ingesting to excel, not rebel. There's now a hypermotivational syndrome, use of prescription drugs not to escape the commanding heights of education and the economy but to attain them.
Ed Tenner, "Hypermotivational Syndrome," MIT's Technology Review, August 2005 --- http://www.technologyreview.com/articles/05/08/issue/megascope.asp?trk=nl

In this age of technology, what is "Operations Research" and where does it stand today? --- http://www.scienceofbetter.org/

A cell phone that does it all
This next generation of hybrid phones will have cameras with up to 2 megapixels of resolution and music players offering up to 4 GB of storage -- and it's all on one phone no bigger than an Apple iPod. Throw in a digital assistant, wireless Internet capabilities and a game or two and all you're missing is the tiny scissors.
Ryan Kim, "A cell phone that does it all:  New models to combine music player, Web access, higher-res camera, PDA," San Francisco Chronicle, July 4, 2005 ---

A Brand New Internet?
I am discouraged, though, when I see, with Clark's proposal and with Internet2, a focus on new high-end applications and performance. Maybe I'm the one who's being parochial now, but I don't think the Internet is suffering for lack of performance. It's suffering for lack of security, and I'd happily consider a new network that addressed security at a core level.
Larry Selzer, "A Brand New Internet?" eWeek, July 1, 2005 --- http://www.eweek.com/article2/0,1895,1833932,00.asp

Climate Change McCarthyism.--- http://irascibleprofessor.com/comments-07-06-05.htm

Also see John Brignell's site at http://www.numberwatch.co.uk/number watch.htm

From the T.H.E. Newsletter on July 6, 2005

Strayer University Offers Pioneering Virtual Commencement Ceremony
Strayer University announced its 2005 virtual commencement ceremony is available on
http://online.strayer.edu/Grad_05/home.asp . The virtual commencement ceremony provides Strayer University's online graduates with an online ceremony that complements their experience in Internet classes.

In the 2005 virtual commencement ceremony, Strayer University graduates are greeted with a traditional rendering of "Pomp and Circumstance" while viewing their names and degrees, which appear in a diploma format on the computer screen. Graduates navigate through opening remarks, student biographies, pictures of classmates, and hear keynote speaker Michael Daniels.

For the full story, visit http://biz.yahoo.com/prnews/050620/clm040.html?.v=13 

Eating the Lotus:  Make your retirement dollars stretch further and longer

"Paradise Found: Where to Retire Abroad," by Ellen Florian Kratz, Fortune, July 11, 2005, pp. 102-106 --- http://www.fortune.com/fortune/investorguide/articles/0,15114,1076994,00.html

  • San Carlos de Bariloche, Argentina
  • Dubrovnik, CroatiaBoquete, Panama
  • Merida, Mexico
  • Phuket, Thailand

Latest Jon Stewart videos ---

Fraud Updates --- http://www.trinity.edu/rjensen/FraudUpdates.htm
For earlier editions of New Bookmark s go to http://www.trinity.edu/rjensen/bookurl.htm 
Archives of Tidbits: Tidbits Directory --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm

Click here to search Bob Jensen's web site if you have key words to enter --- Search Site.
For example if you want to know what Jensen documents have the term "Enron" enter the phrase Jensen AND Enron. Another search engine that covers Trinity and other universities is at http://www.searchedu.com/.

Bob Jensen's home page is at http://www.trinity.edu/rjensen/


Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134  Email:  rjensen@trinity.edu